- 1 Introduction
- 2 A Simple Model of Hidden Information
- 2.1 New Keynesian Economy
- 2.2 Hidden Information
- 2.3 The Discretionary Policy Problem
- 2.4 Optimal Policy in the Simple Model
- 3 Belief Shocks
- 4 (In-)Credible Disinflations and Exogenous Persistence
- 5 Related Literature
- 6 Conclusions
- Appendix
- Reference
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